Tandou (Tandou) ROCE % : 1.62% (As of Dec. 2014)

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What is Tandou ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tandou's annualized ROCE % for the quarter that ended in Dec. 2014 was 1.62%.

Tandou ROCE % Historical Data

The historical data trend for Tandou's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tandou ROCE % Chart

Tandou Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Jun12

Jun13

Jun14

ROCE %

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5.15

7.41

11.84

10.45

1.92

Tandou Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
ROCE %	Get a 7-Day Free Trial															7.10	13.98	8.75	-2.83	1.62

Tandou ROCE % Calculation

Tandou's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	2.246	/	( ( (111.435 - 25.139)	+	(156.392 - 9.073) )	/ 2 )
	=	2.246	/	( (86.296	+	147.319)	/ 2 )
	=	2.246	/	116.8075
	=	1.92 %

Tandou's ROCE % of for the quarter that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2014 )		(Q: Jun. 2014 )		(Q: Dec. 2014 )
	=	2.018	/	( ( (156.392 - 9.073)	+	(127.523 - 25.79) )	/ 2 )
	=	2.018	/	( ( 147.319	+	101.733 )	/ 2 )
	=	2.018	/	124.526
	=	1.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2014) EBIT data.

Tandou (OTCPK:TDUFF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tandou ROCE % Related Terms

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Tandou (Tandou) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tandou Ltd (OTCPK:TDUFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tandou.com.au

Tandou Ltd is an Australia based company produces and sells irrigated cotton and cereal crops. Business activity of the firm is operated with two segments namely Farming and Water Operations. The Farming operation comprises of the production of crops (upland cotton and cereal) for sale in Australian and international markets as well as pastoral activities relating to sheep and cattle. The Water operation segment includes the trading of permanent water entitlements and temporary water allocations. In addition, it is also involved in the Production of livestock at Tandou Farm. Tandou derives the majority of revenue from the farming segment.

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